Dream Industrial Real Estate Invest Trst (TSE:DIR) Plans Monthly Dividend of $0.06

Dream Industrial Real Estate Invest Trst (TSE:DIR) announced a monthly dividend on Friday, July 21st, Zacks reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.058 per share on Tuesday, August 15th. This represents a $0.70 annualized dividend and a yield of Infinity. The ex-dividend date is Thursday, July 27th.

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About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.